Cramer v. Stewart

I posted this on hulu and decided to paste it up here. I posted this as commentary on the March 12, 2009 Daily Show featuring the face off between Jon Stewart and Jim Cramer.

Here is a link to the show if you haven't seen it:

http://www.hulu.com/watch/62203/the-daily-show-with-jon-stewart-thu-mar-12-2009


This was dull, cramer was a treestump. He was exactly like this years ago on Bill Maher's show. When he gets confronted by someone he is a fan of, like maher or stewart, he backs way down.


Meanwhile, he's owned up over and over to the way the markets are and the power that big money has over the markets. The he goes on telling people to buy or sell with no more accuracy than anyone else. Big money moves markets. Period. Big money trumps news. That's what cramer is saying in these online videos. He made money by trumping the news with big money. That's the way markets have always worked. Read Richard Wyckoff circa 1910.


Cramer makes ironic statements in those videos on purpose, and stewart doesn't get it. why doesn't cnbc read ceo's minds? People make mistakes when they try to predict the future? Duh Jon, if that's the way your name is really spelled, what's on A&E right now?

Stewart does get:"We capitalize your adventure". Right. Now just like 100 years ago.
The only way to make money in the markets is to follow that money.


Cramer wimps out here. It could have been a lot more interesting. But stewart hasn't said anything that wasn't said on cnbc's own message boards over and over ever since they've had a web site. So what if there is a show called Fast Money. That's a debate point?


So again, this show was no big deal, anticlimactic, very disappointing on both sides, boring.

Is there anyone Obama knows who HAS paid their taxes?

This record is so broken. US Trade Representative nominee Ron Kirk is now in trouble for not paying taxes. No one in the media questioning Obama's vetting procedures. Ron Kirk and his friends are all smiles. Oh you caught me, guess I'll pay my taxes. There were a couple of issues, but mainly back taxes are owed on taking deductions for tickets to Dallas Mavericks games. Because, you know, that's work.

The questions here isn't so much what exactly are the rules, when one candidate withdraws for owing less than $1000 but Kirk presses on. The question isn't about whether he was trying to cheat the tax man. He deducted the cost of tickets to basketball games. Nuff said.

The real question is what would the reporting sound like right now if Kirk, Geithner and Obama were Republicans?